Neuronetics, Inc. Appoints New CFO; Chief Legal Officer to Depart

What Happened
Neuronetics announced leadership changes in an 8-K filed July 20, 2026: the Board appointed Nir Naor as Executive Vice President, Chief Financial Officer and Treasurer effective on or about July 23, 2026, and W. Andrew Macan, Executive Vice President and Chief Legal Officer, entered a Separation Agreement with a Separation Date of August 15, 2026. The company also furnished a press release announcing these changes.

Key Details

• Nir Naor: offer letter dated July 10, 2026; initial base salary $480,000; discretionary annual cash bonus target 50% of base; grant of 500,000 Restricted Stock Units (125,000 vesting each year over 4 years); severance if terminated without cause or for good reason includes 12 months base salary, prorated target bonus, and continued health coverage.
• W. Andrew Macan: Separation Agreement dated July 17, 2026; Separation Date August 15, 2026; entitled to a $231,750 retention bonus (gross), a retention award of 164,361 RSUs that will vest on the Separation Date, and a Separation Payment of $475,087.50 (paid over 12 months, minus taxes/withholdings).
• Filing materials: Offer Letter (Exhibit 10.1), Separation Agreement (Exhibit 10.2) and press release (Exhibit 99.1) were furnished with the 8-K.

Why It Matters
A new CFO brings change to financial leadership and strategy execution; investors should note compensation and equity grants that affect near‑term cash outflows and future share-based dilution. The company will incur a defined separation payment and accelerated vesting of 164,361 RSUs for the departing CLO, and has committed a 500,000-RSU inducement to the new CFO (vesting over four years). The filing states the departure was not due to any dispute.